The comparison between First Demat , Mirae Asset Sharekhan, and BlinkX highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. First Demat is known for its user-friendly trading experience and reliability, while Mirae Asset Sharekhan stands out for offering competitive brokerage rates and an advanced mobile trading platform. Blinkx provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 500, 31 lakh, and 40000 users respectively, reflecting their popularity among investors. Overall, this comparison of First Demat , Mirae Asset Sharekhan, and BlinkX helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their offerings. First Demat provides 5 for Overall Rating, while Mirae Asset Sharekhan offers 4 and BlinkX features 4.
| Services / Features | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | No Rating | ★★★★★ | ★★★★★ |
| Broker Type | Discount Broker | Full Service Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX | NSE, BSE, MCX |
| Active Clients | 500 | 31 lakh | 40000 |
| Broker Overview | First Demat Review | Mirae Asset Sharekhan Review | BlinkX Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveal significant differences in their offerings. First Demat provides ₹0 (online); ₹500 offline trading and demat account opening, while Mirae Asset Sharekhan offers N/A and BlinkX features Free.
| Account Opening Charges and AMC | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| Trading Account Opening | ₹0 (online); ₹500 offline | — | Free |
| Trading AMC | ₹0 | — | ₹300 per year |
| Demat Account Opening | ₹0 | — | Free |
| Demat AMC | ₹0 for the 1st year | ₹400 | ₹300 per year |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their offerings. First Demat provides Yes (DOCX: multiple packs; site shows one flat plan) plans, while Mirae Asset Sharekhan offers - and BlinkX features Yes.
| Brokerage Plans | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| Multiple Plans | Yes (DOCX: multiple packs; site shows one flat plan) | - | Yes |
| Monthly Plans | No | - | 249 |
| Yearly Plans | No | - | 899 |
Brokerage Charges
This comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their brokerage charges. First Demat charges 0.1% or ₹20 per executed order, whichever is lower brokerage on equity delivery and intraday, Flat ₹20 per executed order for futures, and Flat ₹20 per executed order for options. Mirae Asset Sharekhan charges 0.30% on trade price or minimum 1 paisa per share brokerage on equity delivery and intraday, 0.02% per transaction value (each side) for futures, and ₹39 per lot (each side) for options. BlinkX charges N/A brokerage on equity delivery and intraday, ₹10 per Order for futures, and ₹10 per Order for options.
| Brokerage Charges | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| Plan Name | Multiple Brokerage Packs | - | - |
| Equity Delivery | 0.1% or ₹20 per executed order, whichever is lower | 0.30% on trade price or minimum 1 paisa per share | |
| Equity Intraday | 0.1% or ₹20 per executed order, whichever is lower | 0.02% on trade price or minimum 1 paisa per share | |
| Equity Futures | Flat ₹20 per executed order | 0.02% per transaction value (each side) | ₹10 per Order |
| Equity Options | Flat ₹20 per executed order | ₹39 per lot (each side) | ₹10 per Order |
| Currency Futures | - | 0.02% per transaction value (each side) | ₹10 per Order |
| Currency Options | - | ₹5 per lot (each side) | ₹10 per Order |
| Commodity Futures | Starting ₹20 per order | 0.10% (one side) | |
| Commodity Options | Starting ₹20 per order | 1% on premium or ₹150, whichever is higher | |
| Hidden Charges | No | No | No |
| Call & Trade Charges | ₹50 per trade (+18% GST) | NA | ₹50 + 18% GST per day |
| Auto Square Off Charges | ₹50 per trade (+18% GST) | ₹50 per order | ₹50 + 18% GST per day |
| Brokerage Calculator | First Demat Brokerage Calculator |
Transactions Charges
This comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their transactions. First Demat provides NSE: 0.00307%, BSE: 0.00375% for Transaction Charges Equity Delivery, while Mirae Asset Sharekhan offers NSE: 0.00297% | 0.00375% and BlinkX features 0.00297% on both sides.
| Transactions Charges | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| Equity Delivery | NSE: 0.00307%, BSE: 0.00375% | NSE: 0.00297% | 0.00375% | 0.00297% on both sides |
| Equity Intraday | NSE: 0.00307%, BSE: 0.00375% | NSE: 0.00297% | 0.00375% | 0.00297% on both sides |
| Equity Futures | NSE: 0.00183%, BSE: 0 | NSE: 0.00173% | 0.00173% on both sides |
| Equity Options | NSE: 0.03553% (on premium), BSE: 0.0325% (on premium) | NSE: 0.03503% on Premium | 0.03503% on both sides |
| Currency Futures | - | NSE: 0.00035% | 0.0035% on both sides |
| Currency Options | - | NSE: 0.0311% | 0.0311% on both sides |
| Commodity | - | 0.0418% | 0.0418% on both sides |
Account Features
These are the notable distinctions in the account features of First Demat , Mirae Asset Sharekhan, and BlinkX when compared.
| Account Features | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| 3-in-1 Account | No | No | No |
| Charting | Yes (TradingView integration, indicators) | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes (site also lists smart alerts, price watch alerts) | Yes | Yes |
| Online Demo | No | Yes | Yes |
| Online Portfolio | No | Yes | Yes |
| Margin Trading Funding Available | No | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3:05 pm | 3:20 PM | 3:30 PM |
| NRI Trading | No | Yes | No |
Trading Platforms
The trading platforms comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their offerings. First Demat , Mirae Asset Sharekhan and BlinkX provide web trading platforms and mobile trading platforms.
| Trading Platforms | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Browser terminal with quick trade mode, TradingView charts, GTT and Cover orders, basket orders, option strategy builder | Sharekhan | BlinkX |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | Sharekhan IOS App | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Free / no separate charge (not explicitly stated; site says no hidden fees) | Nil | Zero |
Broker Ratings
The broker ratings comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their offerings. First Demat provides 4.3 for Fees Ratings, while Mirae Asset Sharekhan offers 4.3 and BlinkX features 4.3.
| Broker Ratings | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| Fees Ratings | 4.3 | 4.3 | 4.3 |
| Trading Brokerage Rating | 4.2 | 4.3 | 4.3 |
| Trading Platform Usability | 4.4 | 4,3 | 4.4 |
| Customer Service Ratings | 4.4 | 4.2 | 4.4 |
| Overall Ratings | 5 | 4.3 | 4.3 |
Investment Offerings
This comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their investment offerings. First Demat provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Mirae Asset Sharekhan provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and BlinkX provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | - | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes (UPI-based) | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | No | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | No | No |
| Insurance | No | No | No |
| Forex | No | Yes | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | No | Yes | No |
| Other Investment Options | Yes | Yes | Yes |
Customer Support
The comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their Customer Support. First Demat provides No, while Mirae Asset Sharekhan offers Yes and BlinkX features No.
| Customer Support | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| 24/7 Customer Service | No | Yes | No |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | No | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | N/A | - | - |
| Through Branches | Yes | Yes | - |
| Customer Care Number | 9240256358 | 02241683500 | +91 9240250411 |
| Account Opening Process | Online / Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | https://firstdemat.com/blog | https://www.sharekhan.com/learn-and-grow | https://blinkx.in/en/knowledge-base |
| Head Office Address |
501, 5th Floor, Shamriddhi Square, Kishoreganj Chowk, Harmu, Ranchi, Jharkhand – 834001 |
Sharekhan Limited, 1st Floor, Tower No. 3, Equinox Business Park, LBS Marg, Off BKC, Kurla (West), Mumbai 400 070, Maharashtra, India. |
Great Oasis, 8th floor, Marol Industrial Area, MIDC Road – 21, Marol, Andheri (E), Mumbai -93 |
| Website | https://firstdemat.com/ | https://www.sharekhan.com/ | https://blinkx.in/ |
Research and Reports
The research and reports comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their offerings.
| Research and Reports | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| Research Mutual Funds | Yes (AI recommendations) | Yes | Yes |
| Research Equity Reports | Yes (AI research summaries) | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | Yes | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes (smart alerts) | Yes | Yes |
Demat Account Charges
This comparison between First Demat , Mirae Asset Sharekhan, and BlinkX reveals significant differences in their demat account charges. First Demat provides NSDL for DP Source, while Mirae Asset Sharekhan offers NSDL & CDSL and BlinkX features CDSL.
| Demat Account Charges | First Demat | Mirae Asset Sharekhan | BlinkX |
|---|---|---|---|
| DP Source | NSDL | NSDL & CDSL | CDSL |
| DP ID | IN303921 | NSDL - 300513 | CDSL - 12036000 | 541-2020 |
| Demat Account Annual Maintenance Charges (AMC) | ₹0 for the 1st year | ₹ 400 | ₹300 per year |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | ₹20 + GST | - | — |
| Demat | ₹20 per DRF + ₹3 per certificate | ₹ 5 per share certificate (minimum ₹ 50 per request) | — |
| Remat | ₹20 per 100 securities or part thereof (max ₹5,000), or flat ₹20 per certificate, whichever is higher | ₹ 50 per certificate or ₹ 50 for every hundred securities | — |
| Pledge Creation | ₹3 + GST per transaction | ₹ 20 per transaction | Rs 50 per transaction |
| Pledge Creation Confirmation | - | NA | Rs 50 per transaction |
| Pledge Closure | ₹25 + GST per transaction (pledge/unpledge) | ₹ 20 per transaction | Rs 50 per transaction |
| Pledge Closure Confirmation | - | NA | Rs 50 per transaction |
| Pledge Invocation | N/A | ₹ 20 per transaction | Rs 50 per transaction |
| Failed Instruction Charges | ₹20 per instruction | - | - |
| Other Charges | KYC modification ₹50; physical statement ₹10/page + courier; physical contract note ₹50 + courier; delayed payment 0.05%/day; physical delivery of derivatives 0.5% of contract value | - | No |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| First Demat |
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| Mirae Asset Sharekhan |
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| BlinkX |
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User Experience: Buying Stocks
First Demat – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 5/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.1% or ₹20 per executed order, whichever is lower, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors.
Research & IPO:
Customer Support: Customer service rating is 4.4/5.
Market Presence: Around 500 active clients use this broker.
Mirae Asset Sharekhan – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.02% on trade price or minimum 1 paisa per share, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.2/5.
Market Presence: Around 31 lakh active clients use this broker.
BlinkX – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is competitive, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.4/5.
Market Presence: Around 40000 active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: First Demat charges ₹0 (online); ₹500 offline, Mirae Asset Sharekhan charges Not specified, and BlinkX charges Free. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: First Demat offers 0.1% or ₹20 per executed order, whichever is lower for equity intraday, Mirae Asset Sharekhan provides 0.02% on trade price or minimum 1 paisa per share, and BlinkX charges Not specified. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: First Demat offers 4.5, Mirae Asset Sharekhan provides 4, and BlinkX features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: First Demat has Standard support support, Mirae Asset Sharekhan offers 4, and BlinkX provides 4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: First Demat with 4.4, Mirae Asset Sharekhan with 4,3, and BlinkX with 4.4. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: First Demat (Yes), Mirae Asset Sharekhan (Yes), and BlinkX (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: First Demat offers user-friendly platforms with educational resources, Mirae Asset Sharekhan provides competitive pricing with intuitive interfaces, and BlinkX combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: First Demat focuses on intuitive design and quick execution, Mirae Asset Sharekhan emphasizes advanced charting and analysis tools, while BlinkX balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
Stock Broker Review
First Demat
Mirae Asset Sharekhan
